Blend Investor Day Presentation Deck

30 Years of Mortgage Market in Context Millions of Loans 25 20 15 10 5 1993 1994 1996 1995 1 Source: Blend estimates based on FactSet. 1997 1998 00's Housing Bubble 1999 2000 2001 2002 2003 2004 2005 Financial Crisis 2006 2007 2009 2008 2010 2011 2012 2013 2014 2016 2015 2017 2018 Total U.S. Mortgage Origination # Loans (millions) ¹ COVID-19 2019 2020 2021 2022 2024E 2023E 2025E 2026E Top end of hypothetical scenarios are well below historical cycle peaks 112

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